Forms of Companies Flashcards

1

What type of company does the owner receive all the profits and bear all losses?

Private Corporation
Partnership
Public Corporation
Sole propietorship

2

Which type of company has limited liability?

Public Corporation
Sole Proprietorship
Partnership
Entrepreneur

3

A type of company owned and operated by two or more people.

Private Corporation
Partnership
Entrepreneur
Sole Propietorship

4

A private corporation sells stock for what purpose?

To diversify.
To raise money.
To increase liability.
To lose money.

5

Which one of these companies can you invest in on the stock market?

Partnership
Proprietorship
Private Corporation
Public Corporation

6

If the owner of a sole proprietorship dies, the company ends as well.

False
True

7

Which of the following is an example of a corporation?

GCHS
Ben and Jerrys
Google
Plank's Pizza

8

A separate legal entity owned by stockholders.

Partnership
Proprietorship
Liability
Corporation

9

One disadvantage of a corporation is...

Specialized Managers
Taxes
Limited Liability
Long life

10

Which type of company has the MOST liability?

Partnership
Corporation
Sole Propietorship

11

Type of company owned by a single person.

Entrepreneur
Corporation
Partnership
Sole Proprietorship

12

Which type of company is the most difficult to form?

Sole Proprietorship
Partnership
Corporation
Entrepreneur

13

Which is created to make goods or services for profit?

Entrepreneur
Taxes
Risk
Company

14

Who owns a corporation?

The entrepreneur
The managers
The CEO
Stockholders

15

Who runs a corporation?

The stockholders
Specialized managers
The owner
The entrepreneur

Forms of Companies

Questions 15

Forms of Companies

Questions 15